|
 |
 |
|
|
Housing crisis may price students out of the market By Simon Thompson |
|
|
|
|
|
|
|
Students are competing with young professionals who can pay higher rents in some cities.
Landlords with shared houses are picking up more enquiries from young adults out at work who can no longer afford to rent or buy a flat on their own.
For them, renting a room in a shared house is more economical - and they are often less stressful tenants for landlords.
Students sharing houses and flats pay around £320 a month plus bills each in Manchester, Liverpool or Birmingham and often considerably more in London.
Two young professionals sharing a larger flat spend around £800 per month on rent plus bills, so moving in to a house in multiple occupation can represent a considerable saving.
For the landlord, this also means the chance to charge rent for 52 weeks a year instead of the standard 10-month academic year - up to a 20% increase in rents.
Landlords thinking of mixing and matching student and professional tenants will probably find the opposite lifestyles will not gel with either set of tenants.
The National Housing Federation predicts a housing crisis over the next decade will push up rents and house prices as fewer young adults can afford deposits to buy their own homes. This squeeze on housing could produce bumper rents for landlords in the HMO sector.
The NHF expects house prices and rents to rise by 20% over the next five years - which may well make them unaffordable for students.
Federation chief executive David Orr said: “With home ownership in decline, rents rising rapidly and social housing waiting lists at a record high, it’s time to face up to the fact that we have a totally dysfunctional housing market.
“Home ownership is increasingly becoming the preserve of the wealthy and, in parts of the country like London, the very wealthy. And for the millions locked out of the property market the options are becoming increasingly limited as demand sends rents rising sharply.
“At the heart of this crisis is a chronic shortage of new homes. Despite the overwhelming need to increase supply, house building has slumped to a 90-year low, plunging the country even deeper into the mire.”
|
|
|
|
 |
|
|
|
 |
 |
|
|
|
|
MPs call on Government to refund student rents |
|
An influential group of MPs is calling on the government to refund student
rents during the lockdown.
The call has been made by the All-Party Parliamentary Group on Students,
which includes peers and MPs from all political parties.
|
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
The most affordable universities for student rents revealed |
|
The most affordable student rents in the UK for those who are attending
university have been revealed.
According to one student accommodation platform, the most affordable
student rent is in the Liverpool L7 postcode.
This area is to home |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Landlords hit by eviction ban extension |
|
Landlords have been hit by a Government decision to extend its eviction ban
for another six weeks.
The move means that the bailiff ban in England is now being extended to 21
February - at the earliest.
Robert Jenrick, the housing |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Where property investors should head in 2021 |
|
If you want to know where property investors should be heading in 2021 for
the best opportunities, then a new survey reveals all.
According to property investors SevenCapital, the best
place for investment in 2021 is Birmingham.
< |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Rents hit a record high outside of London |
|
Strong demand from tenants has led to rents outside of London hitting a new
record high, new figures reveal.
And rental yields are also increasing in most regions monitored.
An analysis from Rightm |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Tenant demand hits record high |
|
Tenant demand hits record high
The number of tenants who have registered with letting agents for a home to
rent has reached a record high, a report reveals.
The Private Rented Sector Report for August from Arla Proper |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Average rents rise by 2.1% in August |
|
With Covid-19 restrictions now being eased, landlords around the country
saw rents rise by an average of 2.1% in August.
According to the data from HomeLet, rents have risen by 1.5% compared with
August last year.
Rents in London |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
More traffic, increased enquiries further developments |
|
It has been a challenging time for the student accommodation sector since
late March. Despite this it has been positive to see the sector responding
in innovative way.
40% increase in enquiries
Here at Accommodation for S |
|
|
|
|
|
 |
 |
View more
|
|
Are you an existing landlord?
Click here to log into your account
|
Are you new to AFS, click here to find out more information
|
|
|  |
|